In the last trading session, 4.06 million Quantum Computing Inc (NASDAQ:QUBT) shares changed hands as the company’s beta touched 1.74. With the company’s per share price at $0.92 changed hands at $0.05 or 5.75% during last session, the market valuation stood at $87.53M. QUBT’s last price was a discount, traded about -43.48% off its 52-week high of $1.32. The share price had its 52-week low at $0.35, which suggests the last value was 61.96% up since then. When we look at Quantum Computing Inc’s average trading volume, we note the 10-day average is 1.16 million shares, with the 3-month average coming to 536.27K.
Analysts gave the Quantum Computing Inc (QUBT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended QUBT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Quantum Computing Inc’s EPS for the current quarter is expected to be 0.
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Quantum Computing Inc (NASDAQ:QUBT) trade information
Instantly QUBT was in green as seen at the end of in last trading. With action 33.02%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 0.76%, with the 5-day performance at 33.02% in the green. However, in the 30-day time frame, Quantum Computing Inc (NASDAQ:QUBT) is 28.56% up. Looking at the short shares, we see there were 2.94 million shares sold at short interest cover period of 6.95 days.
Quantum Computing Inc (QUBT) estimates and forecasts
Year-over-year growth is forecast to reach 179.30% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 300k. 1 analysts are of the opinion that Quantum Computing Inc’s revenue for the current quarter will be 400k. The company’s revenue for the corresponding quarters a year ago was 50k and 75k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 500.00%. The estimates for the next quarter sales put growth at 433.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 28.40%.
QUBT Dividends
Quantum Computing Inc is expected to release its next quarterly earnings report in November.
Quantum Computing Inc (NASDAQ:QUBT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 28.82% of Quantum Computing Inc shares while 4.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 6.23%. There are 4.44% institutions holding the Quantum Computing Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 2.7036% of the shares, roughly 2.23 million QUBT shares worth $1.12 million.
GEODE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.7538% or 0.62 million shares worth $0.31 million as of 2024-06-30.
